Introduction to entrepreneurship/IENT103/Statements/Video

From WikiEducator
Jump to: navigation, search
Icon multimedia line.svg
Video signpost: Financial Statements Explained

Financial statements are important because they outline the financial activities of a business.

There are three financial statements that every business uses. These are

  1. an income statement (sometimes called a 'profit and loss account / statement')
  2. a balance sheet, and
  3. a cash flow statement.

This video briefly explains these three statements.


On the following pages, we will look at these three statements in more detail.



WEnote

What have you learned from this video? For example:

  • For me, the most interesting point of the video was ...
  • I didn't realise that...

Post your comment(s) below, and then look on the course feed page to see what others have posted.

If you prefer, you can create a post on your learning journal blog. Be sure to label or tag your post IENT103.
Note: Your comment will be displayed in the course feed.